Are the Watnall conveyancing solicitors identified as being on the HSBC conveyancing panel, together with their details provided by HSBC?

Watnall conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.

Should commercial conveyancing searches reveal planned roadworks that may impact a commercial premises in Watnall?

Its becoming the norm that commercial conveyancing solicitors in Watnall will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Watnall. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Watnall.

For every commercial conveyancing transaction in Watnall it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Watnall commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Watnall.

2 months have elapsed since my purchase conveyancing in Watnall concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Watnall differ for new build properties?

Most buyers of new build residence in Watnall contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Watnall typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Watnall or who has acted in the same development.

Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £225,000 maisonette in Watnall next week. The managing agents has quoted £420 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Watnall?

Watnall conveyancing on leasehold maisonettes normally requires the purchaser’s solicitor sending questions for the landlord to answer. Although the landlord is under no legal obligation to respond to these enquiries the majority will be content to do so. They may levy a reasonable administration fee for responding to questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it is in excess of £800. The administration charge required by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration fees, without which the invoice is not strictly payable. In reality you have no choice but to pay whatever is demanded should you wish to sell the property.

Watnall Conveyancing for Leasehold Flats - Examples of Queries before buying

The best form of lease arrangement is if the freehold interest is in the ownership of the leaseholders. In this arrangement the tenants have control and even though a managing agent is often retained if it is bigger than a house conversion, the managing agent is directed by the tenants. Best to be warned if redecorating or some other significant cost is anticipated that will be shared between the leasehold owners and could well dramatically increase the the maintenance costs or require a one off payment. Are any of leasehold owners in dispute over their service charge liability?